Steigerwald Gordon & Koch Inc. Has $6.35 Million Holdings in The Boeing Company (NYSE:BA)

Steigerwald Gordon & Koch Inc. lowered its position in shares of The Boeing Company (NYSE:BA - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,851 shares of the aircraft producer's stock after selling 3,792 shares during the quarter. Steigerwald Gordon & Koch Inc.'s holdings in Boeing were worth $6,346,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in Boeing in the third quarter valued at approximately $28,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing in the 2nd quarter worth $33,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing during the third quarter worth $30,000. Fairscale Capital LLC bought a new stake in Boeing in the second quarter valued at about $59,000. Finally, Planning Capital Management Corp increased its holdings in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer's stock valued at $50,000 after purchasing an additional 289 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Trading Up 1.3 %

Shares of Boeing stock traded up $2.21 during trading hours on Friday, reaching $171.14. 9,537,359 shares of the company's stock were exchanged, compared to its average volume of 9,471,018. The stock has a market cap of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52. The company has a 50 day moving average of $163.15 and a two-hundred day moving average of $164.75. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same period in the previous year, the business earned ($3.26) earnings per share. The business's revenue was down 1.5% on a year-over-year basis. As a group, analysts expect that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of several analyst reports. TD Cowen decreased their target price on Boeing from $200.00 to $190.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Morgan Stanley decreased their price objective on shares of Boeing from $195.00 to $170.00 and set an "equal weight" rating for the company in a report on Thursday, October 24th. Northcoast Research upgraded shares of Boeing from a "sell" rating to a "neutral" rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $195.00 to $190.00 and set an "overweight" rating for the company in a research report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $192.21.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.